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8 Cards in this Set
- Front
- Back
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corporation
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business organization that operates as a legal entity separate from its owners and Is treated bylaw as if it were an individual person
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articles of incorporation
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application to operate as operation
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corporate charter
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license to operate corporation
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corporate bylaws
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the rules by which a corporation will operate
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going public
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when a corporation decides to sell its stock on the open market
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board of directors
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a group of individuals who are responsible for overseeing the general affairs of the corporation
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limited liability company (LLC)
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a business that operates and is taxed as a partnership but has limited liability for the owners
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franchise
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a contractual agreement to sell a company's products or services in a designed geographic area
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